Some people ask me why gold is falling. In fact, the roller coaster has been going back and forth lately. It is to cultivate your inertia, thinking that if it falls, it will rise. And when it does come to the point of meaninglessness, I can only watch. There are so many profitable individual stocks right now that the momentum has been building up for a month. The bull market is bullish, but no one is following the trend to buy, and the market can only fall rapidly, not to mention that the safe-haven gap in March 1867 has not been filled. No matter how strong the oil price is, it is now covering the gap of 76. Only gold is left, so if there is no news today, if it breaks through the 2000 area and falls back, it may collapse due to market sentiment at any time.
International news: The price of gold climbed to
2
,050 an ounce last week, partly due to market expectations that the Federal Reserve will cut interest rates, even though the Fed spokesman promised to raise interest rates further. Macro data is mixed, and gold prices may experience a correction in the short term. Technical: From the daily chart, the price of gold fluctuates at a high level; the MACD high dead cross signal continues, and the KDJ dead cross signal continues. Shocking downward, the current low point support on April 17 has been broken at 1981, the low point support on Wednesday is around 1969, and the strong support is around 1953, the lower track of the Bollinger Band.
Friends who have followed short-selling recently have made profits, and following the trend is still mainly short-selling.
From the 4-hour chart, we can see that it has fallen below 1980 and the pattern has been destroyed, so the short space below will also be opened.
Then from 2012 to now, it should be a drop of 54 US dollars, so the position should be here in 1955-60.
So the operation strategy: 1977-1980 short, TP1 1969 TP2 1955-60
GC1!
GOLD
MGC1!
XAUUSD
Comment:
Shorting has been profitable again
